Retailer unifies business processes to support
agility, reliability, and growth with Oracle's finance and retail
cloud solutions
AUSTIN,
Texas and LERMA,
Mexico, Feb. 20, 2024 /PRNewswire/ -- Mexican
retailer Waldo's Dollar Mart is using Oracle Cloud finance and
merchandising applications to manage its complex, multi-format
business model while continuing to scale to offer customers more
choices in products and buying channels.
Waldo's operates more than 800 grocery and clothing stores
throughout Mexico, with many of
its clothing options coming from overseas. By continuing to
modernize its operations with Oracle Cloud, Waldo's can now improve
financial forecasting and make more informed inventory decisions to
ensure shoppers have a fresh assortment of items at great prices
while supporting its goal of opening approximately 70 new stores a
year.
"Having the right tools in place was essential in supporting our
diverse retail concepts and ability to meet our aggressive growth
strategy," said Laura Andrade
Ortega, chief information officer, Waldo's Dollar Mart.
"Based on our long history, moving to the cloud with Oracle was the
natural choice given the breadth of its portfolio and expertise in
retail. Today, we have a fast pace of stores openings on a weekly
basis and plan to increase these numbers each month. Oracle Cloud
solutions help us to better align data and business processes and
give our teams the ability to focus on the most impactful needs of
our business while continuing to increase our bottom line and meet
customer expectations."
Waldo's went live with Oracle Fusion Cloud Enterprise Resource
Planning (ERP) in 2020, followed by Oracle Retail
Merchandising Cloud Service, Oracle Retail Allocation Cloud
Service, Oracle Retail Invoice Matching Cloud Service, Oracle
Retail Pricing Cloud Service, and Oracle Warehouse
Management – part of Oracle Fusion Cloud Supply Chain &
Manufacturing (SCM) – with no disruption to the
business. The retailer is also implementing Oracle
Transportation Management in Oracle Cloud SCM.
Moving to the cloud to fuel growth
By moving to Oracle Cloud, Waldo's consolidated and rationalized
more than 62 legacy applications and streamlined its distinct
business processes across its grocery and clothing operations. By
partnering with the Oracle Retail Customer Value team, the retailer
continues to improve inventory management, planning, and budgeting
processes, equipping its merchandising team with the ability to
make better purchasing decisions for customers.
Waldo's now has a consistent user experience and can better
manage the legal, regulatory, and corporate complexities of
cross-border transactions. They also have the foundation to quickly
open new stores to serve the needs of its customers both in
physical locations and online.
"Waldo's business model requires an agile operation that
provides a great shopping experience for consumers eager for the
best deals and a constant flow of unique new finds," said
Alex Alt, executive vice president
of Retail and Hospitality, Oracle. "Through our continued
partnership with Waldo's, we have helped them consolidate
applications and information to better serve its current
storefronts while scaling to hundreds more with relative ease."
About Waldo's Dollar Mart
Founded in 1999 in
Tijuana, Baja California, Waldo's
Dollar Mart de México ("Waldo's") has become the most extensive
dollar store market line in Mexico
with more than 800 points of sale and presence in the whole country
through its two-store formats: Waldo's and Waldo's Moda. Waldo's
offers unique local and imported products from more than 20
countries:
general merchandise, seasonal clothing, and groceries at low prices
close to a dollar: Waldo also conveys the value proposition to its
customers online at waldos.com.mx and through its app.
Many products in Waldo's stores are priced between $9.99 and MXN 29.99.
About Oracle
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applications plus secure, autonomous infrastructure in the Oracle
Cloud. For more information about Oracle (NYSE: ORCL), please
visit us at oracle.com.
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SOURCE Oracle